MBS RECAP: Markets Consolidate Ahead of Elections

Posted To: MBS CommentaryThere can be no doubt that bond markets are responding to recent political headlines. But there’s even less of a doubt that

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Posted To: MBS Commentary While we can point to tonight’s election results on the calendar, and imagine that they’ll have an impact on financial markets, stocks and bonds simply continued doing what they’ve been doing since October 28th. That’s when stocks and bond yields bottomed out in a move that was driven exclusively by heavy [.]

Mortgage rates today, October 18, plus lock recommendations What’s driving current mortgage rates? average mortgage rates fell yesterday – and further than we predicted. But don’t get too excited. The drop was half the rise seen on Wednesday. Still, it takes us back to close to the lowest rates in 30 months. Markets are clearly unwilling to move outside the recent rate range without a kick.

Posted To: MBS CommentaryAs was the goal of most anyone involved in trading bonds, today was completely inconsequential. Recapping the action is a mere

mbs recap: bad day, Good Week, Flat Month MBS RECAP: Bad Day, Good Week, Flat Month Sep 30 2016, 5:04PM While there has been a good amount of volatility in September, it was fairly flat, relative to August’s latest levels.

MBS RECAP: Markets Consolidate Ahead of Elections Nov 5 2018, 5:19PM Today had the look and feel of a summertime Monday–the first we’ve seen since–well.summertime!

This could end up being the first positive hint before a broader recovery, or it could merely be a consolidation before bonds. a big beat/miss in CPI would have much more market movement potential..

What Hurricane Harvey means for real estate and mortgage rates Mortgage rates and Hurricane Harvey. Freddie Mac reports that prime mortgage rates were 3.86 percent for the week of August 24th just before the storm. They actually fell to 3.82 percent for the week of August 31st. Today’s mortgage rates are remarkably low by historic standards, and did not spike as a result of Harvey.

MBS Day Ahead: Bonds Digest Important Data as Range Breakout Begins July 3, 2019 Posted To: MBS CommentaryIn the day just past, the bond market finally made its first move outside of the recent consolidation range–a series of lower highs and higher lows that had been intact since Fed day on June 19th.

markets higher. The Dow jones industrial average closed at a record high 71 times last year. Volatility remained at extreme lows throughout the year despite geopolitical risks and exuberance in parts of financial markets. Cryptocurrencies emerged as the latest example of financial mania. In bond markets, trading range was narrow as 10-year

Mortgage rates today, May 29, 2018, plus lock recommendations The Dow Jones Industrial Average DJIA, +0.29% rose 78.74 points, or 0.3%, to 26,062.68, marking its longest winning streak since May 2018. rate cuts can cure what ails the economy. All-time high.Mortgage Rates Improve Modestly Ahead of Fed Announcement But CoreLogic predicts a turnaround thanks to low mortgage rates, which should spur strong home buying activity this spring and nudge home prices upward. In February, home prices revealed a modest.

MBS RECAP: Modest Reactions to Econ Data as Bonds Wait For Bigger News Somehow, the bond market managed to end the week at 2.084% (10yr yield) which is exactly where it ended last week. In all my years of market-watching, I’ve never seen a sharp weekly (like the one we just had in late May) at the end of a sharp multi-month rally give way to 2.